Bitcoin news

Michael Saylor’s Strategy added 1,142 BTC at an average $78,815, bringing its total holdings to 714,644 coins, purchased for $54.35 billion at an average cost of $76,056 per bitcoin. The purchase came while Bitcoin traded below the company’s average price, touching $60,000 on Coinbase, so the buy did not dilute Strategy’s cost basis. Shares mirrored Bitcoin’s volatility, falling to $107 before spiking 26% to $135.

Strategy (MSTR) added 1,142 BTC for about $90 million between Feb 2‑8, lifting its holdings to 714,644 BTC (≈$49 billion). The average purchase price was $78,815, with an overall average of $76,056 per coin. Funding came from an at‑the‑market equity sale of 616,715 shares for roughly $89.5 million; $8 billion of issuance capacity remains. Despite the buy, MSTR’s treasury stays underwater and the firm posted a record quarterly loss. CEO Phong Le said bitcoin would need to fall to $8,000 for several years before debt service is threatened, while co‑founder Michael Saylor announced a Bitcoin Security Program. Shares fell >5 % pre‑market as Bitcoin hovered near $69,000.

Cango (NYSE: CANG) sold 4,451 BTC for about $305 million in Tether, using the proceeds to pay down bitcoin‑collateralized debt and shore up its balance sheet amid volatile mining economics. The sale also backs the miner’s shift into AI infrastructure, deploying modular GPU compute across its sites; it has hired Jack Jin as CTO of its AI arm to lead the rollout.

Bitcoin slipped nearly 2.5 % in the past 24 hours, falling below $70 k after a brief end‑of‑week bounce that pushed it to $71 k. The week‑long drop of more than 11 % still leaves BTC outperforming the broader market, which fell 13.5 % in 24 h. The slide spurred institutional inflows – Bitwise CEO Hunter Horsley noted that lower prices were attracting a new set of long‑term investors, and spot Bitcoin ETFs recorded a net inflow of $371 million on Friday. Retail sentiment remains weak, but online search terms such as "crypto capitulation" surged, signalling a window for value players. Meanwhile gold and silver climbed, with gold topping $5 k as Tether and China’s central bank added to their bullion holdings. Bitcoin is testing the 200‑week EMA near $68 k and sits in oversold territory on the weekly RSI, suggesting a potential rebound if the price stays above $74 k.

Strategy bought 1,142 BTC for about $90 million between Feb. 2–8, bringing its holdings to 714,644 BTC—worth ~$49 billion at market price but bought at an average of $76,056 per coin, leaving a paper loss of roughly $5.1 billion. Funding came from at‑the‑market sales of Class A shares. Q4 earnings reflected a large loss as Bitcoin’s pullback wiped billions from the balance sheet. CEO Phong Le said Bitcoin would need to drop to $8,000 and stay low for years before threatening debt, but analysts say Strategy remains the top corporate holder and is poised for a rebound, despite a 70% fall in its stock from summer 2025 highs.

Binance added 4,225 Bitcoin—worth roughly $300 million at current prices—to its SAFU emergency reserve, raising the fund’s Bitcoin holdings to over $720 million. The move, part of an experiment to fully convert the $1 billion fund to Bitcoin within 30 days, signals confidence in the asset but exposes the reserve to price swings. The purchase comes amid a broader crypto market pullback, with Bitcoin sliding to $59,930 and sentiment described as fragile. Smart‑money traders are net short on Bitcoin, adding leveraged shorts totalling $109 million, indicating expectations of further downside.

Miner reserves fall to 1.801 million BTC—$133 billion—down 20% in two months and 6,300 BTC in 60 days, tightening miners’ balance sheets as price weakens. NUPL remains positive at 0.215 but is compressing sharply, while UTXOs in profit hit 71%—near 2023 trough levels—suggesting the market may be closer to a bottom than ETF flows alone imply. The data point to three futures: a choppy range, a classic capitulation (NUPL <0), or an early bottom (UTXOs in profit at prior lows). The current mix signals exhaustion but not yet a confirmed collapse.

Bitcoin whales accumulated about 40,000 BTC during a dip to $60k, boosting the price to a 20 % rally to $72k, according to Glassnode. The move was complemented by Binance SAFU adding 4,225 BTC and $331 m from U.S. spot ETF investors, but resistance at $72k remains intact, with a potential downside to $66k if the price breaks the triangle’s lower trendline. Analysts warn that without a sustained bounce, Bitcoin could face a further decline to around $50k, echoing the 2022 bear market.

Binance’s SAFU fund bought 4,225 BTC for about $300 million, raising its holdings to 10,455 BTC (~$734 million). This move is part of a 30‑day plan to convert the entire $1 billion reserve into Bitcoin, a sign of strong confidence. Analysts note that SAFU conversions have historically lined up with major market turns, such as the 2023 shift that preceded a 250 % Bitcoin rally. Whether the current buying signals future peaks or merely reflects treasury strategy remains uncertain.

Bitcoin’s mining difficulty fell ~11% to $68,853.72, the steepest drop since China’s 2021 crackdown. The decline follows a 50% hashrate plunge driven by the slide in BTC price from $126k to $69.5k, energy costs and winter‑storm outages that forced many miners off the grid. The reduced difficulty is a self‑correcting mechanism that may boost profits for operators that stay online, but it also signals widespread capitulation. Historically such drops precede price stabilization or rebound as miners sell BTC to cover costs.